Wednesday, January 03, 2018
TKC EXCLUSIVE!!! SURVEY SEYZ: HIPSTER KANSAS CITY REAL ESTATE CONFRONTS 2018 'PEAK MILLENNIAL' CRASH!!!
Sordid real estate speculators work tirelessly to convince Kansas City residents that urban core growth is powered by an endless supply of millennials with money to burn and no real knowledge of value beyond trends manufactured by fake news.
Here's the quintessential example of big media working to create a local demand powered by the fantasies of the local political elite:
New York Times: Millennials Going to Kansas City, to Live and Work
Sadly, oo many ensuing headlines, development pipe-dreams and questionable cash subsidy followed that report . . .
And now, in the Winter of our discontent after KCMO copes with the highest murder count this town has seen in a generation . . . Reality is starting to emerge beyond speculator hype.
To wit . . .
THANKS TO OUR KICK-ASS BLOG COMMUNITY WE'RE SHARING NEWS-MAKER SURVEY DATA EXPOSING THE KANSAS CITY MILLENNIAL REAL ESTATE MYTH!!!
Over the past few weeks, we've noticed that local media has been offering some coverage on this data in piecemeal fashion without giving readers the full scope of the report.
Accordingly . . .
INTERCEPTED BY BAD-ASS TKC TIPSTERS: CHECK THE KANSAS CITY HIGHLINE MILLENNIAL SURVEY!!!
Lots of good stuff in that link but here are some of the highlights worth a mention without the newsie "context" that attempt to spin data in hopes of propagating the "greater fool theory" and bring some poor sap downtown armed with nothing but a high-interest loans and dreams of the urban good life.
To be fair, this report still suggests some opportunity but based on offering Downtown denizens real value beyond coffeehouse or promo blog hype.
Check it . . .
- 5 years from now, the majority of KC Millennials want to live somewhere other than downtown.
- 63% make more than $51,000.
- 90% own a car.
- 74% want to buy, not rent their next place.
- Millennial Top Renting Concerns: Covered parking. Washers and dryers in units. High speed internet.
Accordingly, perspective on this topic from KICK-ASS TKC TIPSTERS FIRST before any other comment . . .
"To me, this survey reveals that we might have already reached PEAK MILLENNIAL in downtown KCMO. Given the unrelenting pace to build more rental units inside the loop and in Midtown: Are we headed for a big crash?"
You decide . . .